Nasdaq, Hang Seng beat Nifty by wide margin. Will it be India's turn in 2025?
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India’s headline index, Nifty, is likely to end 2024 in the green, marking its 9th consecutive positive closing. Down nearly 10% from its lifetime peak, the 50-stock index has had a mixed year, trailing major global indices like the Nasdaq Composite, Nikkei, Hang Seng, and Shanghai Composite, while staying ahead of the Straits Times Index, FTSE, and KOSPI, among others. Commenting on the market action in 2024, Vivek Sharma, Investment Head at Estee Advisors, called it a "mixed bag" for Indian markets— not the best, but far from the worst. According to him, the real shift in momentum occurred in October when foreign institutional investors (FIIs) started selling in the domestic market. A performance analysis of major global indices in 2024 reveals that Nifty’s 9% returns are behind those of its US, Japan, Hong Kong, and some European counterparts. The Nasdaq Composite leads with a 36% return, followed by the S&P 500 and Hang ...